Zacks Investment Research cut shares of Mantech International (NASDAQ:MANT) from a buy rating to a hold rating in a research report released on Tuesday.
According to Zacks, “ManTech International Corporation is a leading provider of innovative technologies and solutions for mission-critical national security programs for the Intelligence Community; the Departments of Defense, State, Homeland Security, and Justice; the Space Community; and other U.S. federal government customers. ManTech’s expertise includes systems engineering, systems integration, technology and software development, enterprise security architecture, information assurance, intelligence operations support, network and critical infrastructure protection, information technology, communications integration and engineering support. The company supports the advanced telecommunications systems that are used in Operation Iraqi Freedom and in other parts of the world; provides the physical and cyber security to protect U.S. embassies all over the world; has developed a secure, collaborative communications system for the U.S. Department of Homeland Security; and builds and maintains secure databases. “
A number of other brokerages have also recently weighed in on MANT. Wells Fargo & Co upped their price objective on Mantech International from $42.00 to $44.00 and gave the stock an underperform rating in a research note on Wednesday, October 25th. Maxim Group increased their price target on Mantech International from $47.00 to $53.00 and gave the company a buy rating in a research note on Thursday, November 2nd. Cowen reiterated a buy rating and issued a $54.00 price target on shares of Mantech International in a research note on Thursday, November 30th. BidaskClub upgraded Mantech International from a strong sell rating to a sell rating in a research note on Friday, February 2nd. Finally, Loop Capital increased their price target on Mantech International from $45.00 to $53.00 and gave the company a buy rating in a research note on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $48.00.
Shares of Mantech International (NASDAQ:MANT) opened at $52.90 on Tuesday. The firm has a market capitalization of $2,070.00, a price-to-earnings ratio of 34.58, a P/E/G ratio of 3.68 and a beta of 1.04. Mantech International has a 12 month low of $33.50 and a 12 month high of $53.51.
In other Mantech International news, Director Mary K. Bush sold 1,000 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $50.45, for a total value of $50,450.00. Following the completion of the sale, the director now directly owns 7,540 shares in the company, valued at $380,393. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Judith L. Bjornaas sold 7,500 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $50.79, for a total value of $380,925.00. The disclosure for this sale can be found here. Company insiders own 35.06% of the company’s stock.
Several hedge funds have recently made changes to their positions in MANT. TIAA CREF Investment Management LLC increased its holdings in shares of Mantech International by 27.4% in the second quarter. TIAA CREF Investment Management LLC now owns 85,102 shares of the technology company’s stock valued at $3,522,000 after purchasing an additional 18,326 shares during the period. Parametric Portfolio Associates LLC increased its holdings in shares of Mantech International by 17.4% in the second quarter. Parametric Portfolio Associates LLC now owns 79,707 shares of the technology company’s stock valued at $3,298,000 after purchasing an additional 11,793 shares during the period. Voya Investment Management LLC increased its holdings in shares of Mantech International by 11.7% in the second quarter. Voya Investment Management LLC now owns 11,387 shares of the technology company’s stock valued at $471,000 after purchasing an additional 1,193 shares during the period. Stifel Financial Corp acquired a new position in shares of Mantech International in the second quarter valued at about $228,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Mantech International by 36.1% in the second quarter. Goldman Sachs Group Inc. now owns 39,393 shares of the technology company’s stock valued at $1,630,000 after purchasing an additional 10,454 shares during the period. 62.96% of the stock is currently owned by institutional investors and hedge funds.
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About Mantech International
ManTech International Corporation provides technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veteran Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other the United States Government customers.
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